Commodity Trade Mantra

Posts Tagged ‘Russian Ruble’

Russia's Dollar De-Dollarization May Have Begun

Russia has plans to raise $1 billion in government debt next year with bonds denominated in Chinese renminbi. Not the US dollar! Uh-Oh. the de-dollarization is taking off. So what if Russia denominates their bonds (that used to be issued in dollars) in renminbi & vice versa with Chinese issued bonds? This eliminates the need to hold large sums of dollar reserves.

Gold Glimmers as Global Market Fear Grips Investors

When a currency loses value and falls out of favor, gold has tended to benefit as investors seek real assets. Gold prices have then been able to soar, just as we saw in the months following the financial crisis, eventually reaching an all-time high of $1,921 per ounce in September 2011. Gold is again glimmering with safe haven appeal & the Fear Trade, it seems, is in full force.

Expect Physical Gold Backing of Currencies Within Next Decade

The whole precept that printing money is good, that somehow zero or negative interest rates are good, is totally fallacious. Unimaginable & yet somehow the investment public has bought into it. So probably in less than 10 years we will see physical assets backing currency. Of course, the most likely physical asset is gold.

Russia On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered? If Russia starts asking for payment in currencies other than the US dollar, that will essentially end the monopoly of the petrodollar. Russia will need trading partners willing to go along. Iran & China are two nations that would potentially be willing to make the switch…

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